Fujitsu (FJTSY.PK) and Toshiba (TOSBF.PK) plan to merge their cellphone businesses, creating the...

|About: Fujitsu Ltd. ADR (FJTSY)|By:, SA News Editor

Fujitsu (FJTSY.PK) and Toshiba (TOSBF.PK) plan to merge their cellphone businesses, creating the second largest cellphone maker in Japan. This is the latest mobile merger deal as the fragmented industry consolidates to better compete with players like Apple (AAPL).